2025

Travel Smart
Ranking

Find out how 326 businesses across the world are performing on commitments to reduce and report corporate air travel emissions.

Ranking

This ranking is updated live and reflects new developments submitted by businesses in between the annual editions of the ranking.

Emissions tracker

Discover whether businesses across the world are on track in reducing their corporate travel emissions

Top Flyers

Top 25 Flyers with no specific targets to keep business travel emissions low

Company Country Sector Target Target
Year
Target
Specificity
2023 vs 2019
emissions
Total
Score
A Swiss ReFrontrunnerGold standard Switzerland Finance -50% 2024 AT target -67% 14
A Zurich Insurance GroupGold standard Switzerland Finance -70% 2024 AT target -66% 14
A Novo NordiskSilver standard Denmark Pharmaceuticals and Biotechnology -50% 2025 AT target -52% 13.5
A ABN AmroFrontrunner Netherlands Finance -50% 2025 AT target -43% 12.5
A Fidelity International United Kingdom Finance -50% 2024 AT target -39% 12.5
A Abrdn United Kingdom Finance -72% 2025 BT target -53% 12.5
A Arcadis NVContender Netherlands Consulting -50% 2025 AT target -29% 12.5
A Ericsson Sweden Telecom -50% 2024 BT target -54% 12
A Antea Nederland B.V.Category UpgradeFrontrunner Netherlands Consulting -50% 2030 BT target -90% 12
A MapfreFrontrunner Spain Finance -8% 2024 AT target -58% 11.5
A AstraZeneca United Kingdom Pharmaceuticals and Biotechnology -23% 2025 BT target -52% 11.5
A Oracle United States of America Technology -25% 2025 AT target -62% 11.5
A RabobankCategory UpgradeContender Netherlands Finance -42% 2030 AT target 26% 11.5
A Lloyds Banking Group United Kingdom Services -33% 2030 BT target -47% 11
A Crédit AgricoleContender France Finance -30% 2025 BT target -44% 11
A PricewaterhouseCoopers (PwC)Contender United Kingdom Consulting -50% 2030 BT Target -49% 11
A Pfizer Inc United States of America Pharmaceuticals and Biotechnology -25% 2025 BT target -55% 11
A AdobeCategory Upgrade United States of America Technology -30% 2025 BT target -57% 11
A WiproCategory UpgradeContender India Technology -55% 2030 BT target -71% 11
A LTIMindtreeCategory Upgrade India Consulting -25% 2025 AT target -27% 11
A Publicis GroupeCategory UpgradeFrontrunner France Services -50% 2030 BT target -23% 11
B HSBCCategory Downgrade United Kingdom Finance -40% 2030 BT target -60% 10.5
B Atlassian Corporation Plc United States of America Technology -25% 2025 BT target 29% 10.5
B S&P Global United States of America Finance -25% 2025 BT target -22% 10.5
B Schroders United Kingdom Finance -50% 2030 BT target -39% 10.5
B Tetra Pak Sweden Manufacturing -50% 2030 BT target -41% 10.5
B Jacobs United States of America Consulting -50% 2030 BT target -37% 10.5
B M&G plc United Kingdom Finance -46% 2030 BT target -28% 10.5
B Vattenfall Sweden Energy -50% 2030 BT target -36% 10.5
B SalesforceContender United States of America Technology -50% 2024 BT target 2% 10.5
B Ernst & Young GlobalContender United Kingdom Consulting -35% 2025 AT target -59% 10.5
B CapgeminiContender France Consulting -55% 2030 BT target -45% 10.5
B Adecco Group AG Switzerland Services -50% 2030 BT target -23% 10.5
B ERM United Kingdom Consulting -30% 2025 BT target -22% 10.5
B Steelcase Inc.Contender United States of America Manufacturing -14% 2030 BT target -56% 10.5
B AXAContender France Insurance -18% 2025 BT target -34% 10
B Deloitte United Kingdom Consulting -55% 2030 BT target -38% 10
B AFRY AB Sweden Consulting -36% 2027 BT target -34% 10
B Boston Consulting Group United States of America Consulting -49% 2025 BT target -29% 10
B Interface United States of America Construction and Engineering -30% 2030 BT target -75% 10
B SPIEContender France Consulting -20% 2025 BT target -30% 10
B Servier France Pharmaceuticals and Biotechnology -16% 2025 BT target 9.5
B Sopra Steria Group France Technology -43% 2025 BT target -46% 9.5
B Mckinsey & Co. United States of America Consulting -35% 2025 BT target -33% 9.5
B Tietoevry Finland Technology -47% 2030 BT target -79% 9.5
B AmundiContender France Finance -30% 2025 BT target -51% 9.5
B Dassault Systemes France Technology -23% 2027 BT target -60% 9.5
B Ramboll Group A/S Denmark Consulting -28% 2030 BT target -14% 9.5
B Bain & Co. United States of America Consulting -35% 2026 BT target -36% 9.5
B Roland BergerCategory UpgradeFrontrunner Germany Consulting -50% 2028 BT target 2% 9.5
B SGS SACategory Upgrade Switzerland Consulting -46% 2030 BT target -22% 9.5
B Michelin France Manufacturing -30% 2025 BT target -29% 9
B Blackrock United States of America Finance -40% 2030 BT target -1% 9
B RocheContender Switzerland Pharmaceuticals and Biotechnology -18% 2025 AT target -44% 8.5
B Allianz Group Germany Insurance -40% 2025 BT target 8.5
B Simon-Kucher & PartnersFrontrunner Germany Consulting -25% 2030 BT target 8
C Sonova Switzerland Medical - - Broader target (incl. BT) -50% 6
C Nokia Corporation Finland Telecom - - Broader target (incl. BT) -57% 6
C Novartis Switzerland Pharmaceuticals and Biotechnology - - Broader target (incl. BT) -39% 5.5
C WPP United Kingdom Marketing - - Broader target (incl. BT) -40% 5.5
C Autodesk, Inc. United States of America Technology - - Broader target (incl. BT) -52% 5.5
C Deutsche Post DHL Group Germany Logistics - - Broader target (incl. BT) 14% 5.5
C Carlsberg Denmark Food Processing - - Broader target (incl. BT) -50% 5.5
C Caixa Geral de DepósitosNEW DEVELOPMENT Portugal Finance - - No target 5.5
C Arthur D Little incCategory Upgrade Belgium Consulting -61% 2033 BT target 5.5
C Experian plc Ireland Finance - - Broader target (incl. BT) -5% 5
C TelefonicaContender Spain Telecom - - Broader target (incl. BT) -48% 5
C Bayer Germany Pharmaceuticals and Biotechnology - - Broader target (incl. BT) -37% 5
C UCBContender Belgium Pharmaceuticals and Biotechnology - - Broader target (incl. BT) -42% 5
C Banco Comercial Portugues Portugal Finance - - Broader target (incl. BT) -31% 5
C Airbus Netherlands Aerospace - - No target -30% 5
C CiscoTOP FLYER United States of America Technology - - Broader target (incl. BT) -44% 5
C Standard Chartered United Kingdom Finance - - Broader target (incl. BT) -36% 5
C Volvo Group Sweden Manufacturing - - Broader target (incl. BT) -17% 5
C Oriflame Cosmetics Switzerland Retail - - Broader target (incl. BT) -39% 5
C Boston Scientific United States of America Medical - - Broader target (incl. BT) -22% 5
C Estee Lauder Companies United States of America Retail - - Broader target (incl. BT) -53% 5
C Dell Technologies United States of America Technology - - No target -74% 5
C ABB Switzerland Technology - - Broader target (incl. BT) -3% 5
C Schneider Electric France Manufacturing - - Broader target (incl. BT) -56% 5
C Coca-Cola United States of America Food Processing - - Broader target (incl. BT) -7% 5
C CVS Health United States of America Retail - - Broader target (incl. BT) -52% 5
C Nestle Switzerland Food Processing - - Broader target (incl. BT) -4% 5
C Indra Sistemas Spain Technology - - Broader target (incl. BT) -57% 5
C BT Group United Kingdom Telecom - - Broader target (incl. BT) -76% 5
C HCLTech India Technology - - Broader target (incl. BT) -39% 5
C Kering France Retail - - Broader target (incl. BT) -40% 5
C Syngenta AG Switzerland Chemicals - - Broader target (incl. BT) 75% 5
C Electrolux Sweden Retail - - Broader target (incl. BT) -70% 5
C Assicurazioni Generali Italy Finance - - Broader target (incl. BT) -53% 5
C Ball Corporation United States of America Logistics - - Broader target (incl. BT) -9% 5
C Prudential plc United Kingdom Insurance - - No target 104% 5
C NOS Portugal Telecom - - Broader target (incl. BT) 19% 5
C Jeronimo Martins SGPS Portugal Retail - - No target -1% 5
C Bawag AG Austria Insurance - - No target -91% 5
C Sanofi France Pharmaceuticals and Biotechnology - - Broader target (incl. BT) -7% 5
C Vodafone United Kingdom Telecom - - Broader target (incl. BT) -60% 5
C Barco NV Belgium Technology - - Broader target (incl. BT) -55% 5
C EFACEC Power Solutions Portugal Manufacturing - - Broader target (incl. BT) -87% 5
C Mundys Italy Construction and Engineering - - No target -54% 5
C Compagnie de Saint-GobainNEW DEVELOPMENTContender France Construction and Engineering - - Broader target (incl. BT) -82% 5
C L3Harris United States of America Manufacturing - - No target 96% 5
C Bekaert NV Belgium Manufacturing - - No target 101% 5
C NikeNEW United States of America Retail - - Broader target (incl. BT) -56% 5
C Marsh & McLennanCategory Downgrade United States of America Insurance - - Broader target (incl. BT) -5% 4.5
C Galp Energia Portugal Oil and Gas - - No target 13% 4.5
C UniCredit Italy Finance - - No target -59% 4.5
C Danieli & C Officine Meccaniche S.p.A. Italy Manufacturing - - Broader target (incl. BT) -22% 4.5
C UBS Switzerland Finance - - Broader target (incl. BT) -47% 4.5
C Procter & Gamble United States of America Retail - - No target -36% 4.5
C Continental Germany Manufacturing - - Broader target (incl. BT) -30% 4.5
C Deutsche Telekom Germany Telecom - - Broader target (incl. BT) -27% 4.5
C Johnson Controls Ireland Technology - - No target -30% 4.5
C NatWest Group plc United Kingdom Finance - - Broader target (incl. BT) -42% 4.5
C London Stock Exchange Group PLC United Kingdom Finance - - Broader target (incl. BT) -7% 4.5
C Maire Tecnimont SpA Italy Construction and Engineering - - Broader target (incl. BT) -20% 4.5
C H&M Group Sweden Retail - - Broader target (incl. BT) -22% 4.5
C Tech Mahindra India Technology - - No target -29% 4.5
C E.ON Germany Energy - - Broader target (incl. BT) -21% 4.5
C Naturgy Energy Group Spain Utilities - - Broader target (incl. BT) -33% 4.5
C BAE Systems United Kingdom Manufacturing - - No target -17% 4.5
C Snap Inc. United States of America Technology - - Broader target (incl. BT) 7% 4.5
C Société Générale France Finance - - Broader target (incl. BT) -32% 4.5
C Honeywell United States of America Manufacturing - - Broader target (incl. BT) -39% 4.5
C Eaton Ireland Manufacturing - - Broader target (incl. BT) -16% 4.5
C DSM Netherlands Chemicals - - Broader target (incl. BT) 4.5
C Inditex Spain Retail - - Broader target (incl. BT) -27% 4.5
C Heineken Netherlands Retail - - Broader target (incl. BT) 4.5
C Solvay Belgium Chemicals - - No target -80% 4.5
C Banco Santander Spain Finance - - Broader target (incl. BT) -32% 4.5
C Orange France Telecom - - Broader target (incl. BT) -48% 4.5
C EDP Group Portugal Utilities - - Broader target (incl. BT) 99% 4.5
C ASML Holdings Netherlands Manufacturing - - Broader target (incl. BT) -19% 4.5
C LVMH France Retail - - Broader target (incl. BT) 63% 4.5
C Edwards Lifesciences United States of America Medical - - Broader target (incl. BT) 72% 4.5
C RWE Germany Energy - - Broader target (incl. BT) 54% 4.5
C KPMG InternationalTOP FLYERContender United Kingdom Consulting - - Broader target (incl. BT) -40% 4.5
C ING GroupContender Netherlands Finance - - Broader target (incl. BT) -36% 4.5
C AccentureTOP FLYERContender Ireland Consulting - - Broader target (incl. BT) -72% 4.5
C ThyssenkruppTOP FLYER Germany Construction and Engineering - - Broader target (incl. BT) -60% 4.5
C CognizantTOP FLYER United States of America Technology - - Broader target (incl. BT) -62% 4.5
C L\'Oréal France Retail - - Broader target (incl. BT) -45% 4.5
C Royal Philips Netherlands Manufacturing - - Broader target (incl. BT) -40% 4.5
C PepsiCo United States of America Retail - - Broader target (incl. BT) -16% 4.5
C Intel United States of America Technology - - No target -82% 4.5
C Electricité de France France Utilities - - Broader target (incl. BT) -50% 4.5
C BNP Paribas France Finance - - Broader target (incl. BT) 3% 4.5
C Ecolab United States of America Chemicals - - Broader target (incl. BT) -36% 4.5
C Infosys India Technology - - Broader target (incl. BT) -13% 4.5
C Deutsche Bahn AG Germany Logistics - - Broader target (incl. BT) -49% 4.5
C IKEAContender Netherlands Retail - - Broader target (incl. BT) -53% 4.5
C Bureau Veritas France Consulting - - Broader target (incl. BT) 4.5
C PKN Orlen Poland Energy - - No target 10% 4
C ForviaContender France Manufacturing - - Broader target (incl. BT) -11% 4.5
C Lego Denmark Manufacturing - - Broader target (incl. BT) -24% 4.5
C PayPal United States of America Technology - - No target -82% 4.5
C AbbVie United States of America Pharmaceuticals and Biotechnology - - No target 4.5
C Kingfisher plc United Kingdom Retail - - No target -62% 4.5
C A.P. Moller - Maersk Denmark Logistics - - Broader target (incl. BT) 4.5
C Kone Oyj Finland Manufacturing - - No target 15% 4.5
C Tecnicas Reunidas Spain Construction and Engineering - - Broader target (incl. BT) -48% 4.5
C Iberdrola Spain Energy - - Broader target (incl. BT) 13% 4.5
C Aegon Netherlands Insurance - - No target -5% 4.5
C Repsol Spain Oil and Gas - - No target -53% 4.5
C Intesa Sanpaolo Italy Finance - - No target -57% 4.5
C Skanska AB Sweden Construction and Engineering - - Broader target (incl. BT) 59% 4.5
C A1 Telekom Austria Austria Telecom - - Broader target (incl. BT) -33% 4.5
C Raiffeisen Bank International Austria Finance - - No target 4.5
C Caixa BankContender Spain Finance - - No target 6% 4.5
C Sodexo France Food Processing - - Broader target (incl. BT) 4.5
C SAPTOP FLYER Germany Technology - - No target -78% 4.5
C BelfiusContender Belgium Finance - - Broader target (incl. BT) -1% 4.5
C Wolters Kluwer Netherlands Finance - - Broader target (incl. BT) -5% 4.5
C Leonardo Italy Aerospace - - Broader target (incl. BT) -49% 4.5
C FedEx United States of America Logistics - - No target 1% 4.5
C Atos France Technology - - No target -56% 4.5
C Veolia France Construction and Engineering - - Broader target (incl. BT) 4.5
C Abertis Infraestructuras Spain Construction and Engineering - - No target -60% 4.5
C SSE United Kingdom Utilities - - Broader target (incl. BT) -14% 4.5
C Grupo Elecnor Spain Construction and Engineering - - Broader target (incl. BT) 4.5
C Carrefour France Retail - - Broader target (incl. BT) 20% 4.5
C Sonae Portugal Retail - - Broader target (incl. BT) 4.5
C GlaxoSmithKline (GSK) United Kingdom Pharmaceuticals and Biotechnology - - Broader target (incl. BT) 4.5
C Lockheed Martin United States of America Defense - - No target -51% 4.5
C Ion Beam Applications S.A. (IBA) Belgium Medical - - Broader target (incl. BT) 4.5
C Tetra Tech United States of America Consulting - - Broader target (incl. BT) 4.5
C Ahold Delhaize Netherlands Retail - - Broader target (incl. BT) - 3.5
C Wells Fargo United States of America Finance - - No target -46% 4.5
C AdidasNEW Germany Manufacturing - - Broader target (incl. BT) -41% 4.5
C Eli LillyNEW United States of America Pharmaceuticals and Biotechnology - - No target -59% 4.5
C ValmetCategory Downgrade Finland Energy - - Broader target 6% 4.5
C Renault France Manufacturing - - No target -34% 4
C Redes Energéticas Nacionais Portugal Energy - - No target 9% 4
C Voestalpine AG Austria Manufacturing - - No target -2% 4
C British American Tobacco United Kingdom Manufacturing - - No target -12% 4
C Richemont Switzerland Manufacturing - - Broader target (incl. BT) 33% 4
C SiemensTOP FLYERContender Germany Manufacturing - - Broader target (incl. BT) -37% 4
C AppleTOP FLYER United States of America Technology - - Broader target (incl. BT) -31% 4
C Marriott International, Inc. United States of America Hospitality - - No target -24% 4
C Barclays United Kingdom Finance - - No target -42% 4
C FLSmidth & Co. A/S Denmark Agriculture - - No target -28% 4
C BBVA Spain Finance - - No target -18% 4
C IMA spa Italy Manufacturing - - No target -30% 4
C Metso Outotec Corporation Finland Agriculture - - No target -7% 4
C Aptiv Ireland Manufacturing - - No target -43% 4
C Aviva United Kingdom Finance - - No target 5% 4
C Mediobanca Italy Finance - - No target -43% 4
C Autoliv Inc Sweden Manufacturing - - Broader target (incl. BT) 4
C Kerry Group PLC Ireland Food Processing - - Broader target (incl. BT) 4
C General Motors United States of America Manufacturing - - No target -52% 4
C Ferrari Italy Manufacturing - - No target 25% 4
C MicrosoftTOP FLYER United States of America Technology - - Broader target (incl. BT) -66% 4
C Merck & Co.TOP FLYER United States of America Pharmaceuticals and Biotechnology - - Broader target (incl. BT) 29% 4
C MedtronicTOP FLYER Ireland Technology - - No target -35% 4
C JP Morgan Chase United States of America Finance - - No target 41% 4
C Norma Group Germany Manufacturing - - No target 4
C Reckitt Benckiser United Kingdom Retail - - No target 6% 4
C BASF Germany Chemicals - - No target -43% 4
C Citigroup United States of America Finance - - No target -39% 4
C BMW Germany Manufacturing - - No target -11% 4
C Tata Consultancy Services India Technology - - No target -1% 4
C Vinci France Construction and Engineering - - Broader target (incl. BT) 33% 4
C Air Liquide France Chemicals - - No target -4% 4
C Henkel Germany Retail - - No target -40% 4
C United Health Group United States of America Insurance - - No target 26% 4
C Amgen United States of America Pharmaceuticals and Biotechnology - - No target -6% 4
C Kingspan Group PLC Ireland Materials - - No target 61% 4
C State Bank of India India Finance - - No target -3% 4
C Leidos United States of America Construction and Engineering - - No target 15% 4
C Intercontinental Hotels Group United Kingdom Hospitality - - No target -11% 4
C Wärtsilä Corporation Finland Manufacturing - - No target 27% 4
C Valeo France Manufacturing - - No target 71% 4
C Gestamp Spain Manufacturing - - No target -27% 4
C bioMerieux France Medical - - Broader target (incl. BT) 9% 4
C Schaeffler Group Germany Manufacturing - - No target 119% 4
C Diageo United Kingdom Retail - - Broader target (incl. BT) 206% 4
C Acciona Spain Energy - - No target 30% 4
C HDFC Bank India Finance - - No target 12% 4
C GRIFOLS Spain Pharmaceuticals and Biotechnology - - No target 4
C Legal & General Group United Kingdom Finance - - No target 6% 4
C AMS AG Austria Technology - - No target 4
C Prysmian spa Italy Manufacturing - - No target 4
C Prada Italy Manufacturing - - Broader target (incl. BT) 35% 4
C EnBW Energie Germany Energy - - No target -12% 4
C LPP S.A. Poland Retail - - No target -2% 4
C EngieContender France Utilities - - No target -12% 4
C ICA Gruppen Sweden Retail - - Broader target (incl. BT) -4% 4
C ACS Group Spain Construction and Engineering - - No target 4
C Goldman Sachs United States of America Finance - - No target -41% 4
C Rio Tinto Group United Kingdom Mining - - No target 4
C Bank of America United States of America Finance - - No target -43% 4
C Morgan Stanley United States of America Finance - - No target -4% 4
C Hexagon AB Sweden Manufacturing - - Broader target (incl. BT) 4
C BouyguesTOP FLYER France Construction and Engineering - - Broader target (incl. BT) 4
C Corticeira Amorim SGPSCategory Upgrade Portugal Manufacturing - - No target -43% 4
C Munich Re Germany Insurance - - Broader target (incl. BT) 3.5
C AT&T United States of America Telecom - - No target -48% 3.5
C Walmart United States of America Retail - - No target 3.5
C Stryker United States of America Technology - - No target 3.5
C Deutsche Bank Germany Finance - - No target -46% 3.5
C RTX United States of America Defense - - No target -27% 3.5
C Fugro Netherlands Energy - - Broader target (incl. BT) 3.5
C Umicore Belgium Mining - - No target 3.5
C Tesco United Kingdom Retail - - Broader target (incl. BT) -61% 3.5
C Adani Green Energy India Energy - - No target 3.5
C CANPACK Group Poland Manufacturing - - No target 3.5
C General Dynamics United States of America Defense - - No target 3.5
C Grundfos holding a/s Denmark Manufacturing - - Broader target (incl. BT) 3.5
C IBMTOP FLYER United States of America Technology - - No target -70% 3.5
C AbbottTOP FLYER United States of America Technology - - No target -36% 3.5
C BoeingTOP FLYER United States of America Defense - - No target -12% 3.5
C ComcastTOP FLYER United States of America Telecom - - No target -15% 3.5
C Compass Group United Kingdom Food Processing - - No target 71% 3.5
C Aon Ireland Insurance - - No target 72% 3.5
C Ferguson plc United Kingdom Manufacturing - - No target 3.5
C Ninety One United Kingdom Finance - - No target -16% 3.5
C CCC Poland Retail - - Broader target (incl. BT) 3.5
C Spotify Sweden Technology - - No target 3.5
C Lonza Switzerland Services - - No target 0% 3.5
C Fidelity Investments United States of America Finance - - No target 3.5
C HolcimCategory UpgradeTOP FLYER Switzerland Construction and Engineering - - No target 3.5
C MetaTOP FLYER United States of America Technology - - No target -40% 3.5
C Mercedes-BenzCategory Upgrade Germany Manufacturing - - No target 3.5
C DanfossCategory Upgrade Denmark Manufacturing - - Broader target (incl. BT) 39% 3.5
C Euronav N.VCategory Upgrade Belgium Logistics - - No target 15% 3.5
C Robert Bosch GmbHCategory UpgradeTOP FLYER Germany Construction and Engineering - - No target 3% 3.5
C ENI SpA Italy Oil and Gas - - No target 3
C Totalenergies France Oil and Gas - - No target 3
C Johnson & JohnsonTOP FLYER United States of America Pharmaceuticals and Biotechnology - - No target 3
C Shell plcTOP FLYERContender United Kingdom Oil and Gas - - No target -24% 3
C The Navigator Company Portugal Manufacturing - - No target 3
C Daimler Truck AG Germany Manufacturing - - No target 3
C Sandvik AB Sweden Agriculture - - Broader target (incl. BT) 3
C Alphabet, Inc.Category UpgradeTOP FLYER United States of America Technology - - No target -23% 3
C Dole plcCategory Upgrade Ireland Agriculture - - No target 3
C The Walt Disney CompanyCategory UpgradeTOP FLYER United States of America Services - - Broader target (incl. BT) -23% 3
C VolkswagenCategory UpgradeTOP FLYER Germany Manufacturing - - No target 3
C UnileverCategory Upgrade United Kingdom Manufacturing - - No target 3
D Polski CukierCategory Downgrade Poland Food Processing - - No target 2.5
D Iveco Italy Manufacturing - - No target 2
D BHP United Kingdom Mining - - No target 2.5
D Amazon United States of America Retail - - No target 2.5
D Exor Netherlands Manufacturing - - No target 2.5
D Erste Group Austria Finance - - No target 2.5
D TRUMPF Group Germany Manufacturing - - Broader target (incl. BT) 2.5
D Stellantis Netherlands Manufacturing - - No target 2.5
D McDonald\'s Corporation United States of America Hospitality - - No target 2
D Essilorluxottica France Pharmaceuticals and Biotechnology - - No target 2
D Altri SGPS S.A. Portugal Materials - - No target 2
D Lenzing AG Austria Chemicals - - No target 2
D OMV Group Austria Oil and Gas - - No target 2
D Smurfit Kappa Group PLC Ireland Manufacturing - - No target 2
D El grupo Corte Inglés Spain Retail - - No target 2
D Anheuser-Busch InBev Belgium Retail - - No target 2.5
D Siemens Energy Germany Manufacturing - - No target 2
D Klöckner & CoContender Germany Mining - - Broader target (incl. BT) 1.5
D NetflixTOP FLYER United States of America Services - - Broader target (incl. BT) 1.5
D BP United Kingdom Oil and Gas - - No target 1.5
D Danone France Retail - - No target 1.5
D Enel SpA Italy Utilities - - No target 1.5
D Mota Engil Portugal Construction and Engineering - - No target 1.5
D LushContender United Kingdom Retail - - Broader target (incl. BT) -0.5
D Andritz AG Austria Manufacturing - - No target -1
D ExxonMobil United States of America Oil and Gas - - No target -1
D Fresenius Germany Medical - - No target -1
D Glencore Switzerland Mining - - No target -1

AT = Air Travel    BT = Business Travel  AT/BT= mixed reporting****

*Actual emissions if reported, estimated from BT emissions otherwise. Emissions in tCO2e including non-CO2 effects are disclosed if they are reported by the company. **As of January 2024. ***Between 2019 and 2022, with thus a maximum of 4. ****  Company reports BT for some years and AT for others.

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New developments

Companies that submitted new data and improved their performance

Commitment and reporting data have been diligently collected by T&E. Companies are invited to submit new data for review and improve their performance by contacting .

There are many aspects to the sustainability of a company’s business model and practices. This ranking covers corporate flying, which is key to reducing emissions and to the future of sustainable aviation. Broader aspects of a company’s business model should also be addressed for it to be considered a leader in sustainability. 

Q&A

In the first edition of the ranking published in 2022, 229 companies were selected. These were chosen from the 2021 Top 100 Corporate Flyers List, the Science-Based Targets (SBTi) database, and through a selection of European companies based upon business travel commitments or reporting. 

In 2022, we removed a limited number of small or low-flying companies, and added a number of large companies susceptible to flying a lot for business, based on number of employees, market capitalisation, and high business travel emissions in the CDP dataset. In 2023 and 2024, we removed an additional small number of companies due to mergers, acquisitions or being part of another corporate group, and added a few new companies with high business travel emissions in the CDP dataset. The ranking now includes 326 companies.

The ranking grades the 326 companies according to eleven indicators, relating to air travel emissions reporting and reduction targets, as well as emissions reduction between 2019 and 2023. Each indicator was broken down into varying levels of success, which gave a company a specific amount of points. 

For example, for the first indicator on commitment (i.e. does a company have a reduction target  and does it specifically mention business air travel), a company was awarded 0 points for no target, 0.5 points for a broad target (including business travel together with other sources of emissions), 1 point for a business travel (BT)  emissions reduction target, and 1.5 points for a specific air travel (AT) emissions reduction target. 

For a detailed overview of the eleven indicators and how many points were attributed for each level of success, please find here

We divided the range for total score, which goes from -1 to 15 points, in four equal parts corresponding to categories A, B, C or D. Companies are categorised based on their total score. 

Scoring is based upon publicly available data on corporate travel policies and practice, via CDP reporting, company websites, and/or the campaign’s open call to companies for data in November-December 2024.  For many companies, emissions data is verified and/or assured by a third party.

An A grade corresponds to a score of 11 points or above. A company with the grade B has a total score ranging from 7 to 10.5. The grade C was given to all those companies with a score between 3 and 6.5. And the lowest grade, D, was for all companies scoring 2.5 points or less.

In 2025, 21 companies reached the A grade (+6 compared to 2024), 35 the B grade (-7 compared to 2024), 242 the C grade (+14 compared to 2024) and 28 the D grade (-13 compared to 2024).

Gold Standard companies are top-ranked businesses that report air travel emissions and commit to their absolute reduction of 50% or more, by 2025 or sooner.

To meet the Silver Standards, companies should meet at least five of seven criteria of the Travel Smart Ranking.

We pay particular attention to the top emitting companies – based on 2019 reporting – which do not have specific targets to reduce their business travel emissions. See Top 25 Flyers page.

Points are deducted for not disclosing emissions or for being a major emitter (i.e. having 2019 air travel emissions above 150,000 tCO2). A minimum score of -1 corresponds to companies that have neither disclosed any emissions data nor established emissions reduction targets.

All companies were contacted before the publication of the ranking. Any company wishing to submit additional data is free to do so. We will then review the data and update the ranking if relevant.

This year, three indicators were updated to reflect newly available data and the passage of time. An additional year of reporting (2023) was incorporated, the target adoption timeline was revised to align with the end of this year’s data collection period (i.e., 1 January 2025), and the emissions reduction criterion now evaluates emissions reductions between 2019 and 2023, instead of 2022 last year.

The grade attributed to companies may have changed compared to 2024. In this case, an arrow is there to indicate if the company has moved up or down a category.

In 2023, companies’ business travel emissions remained 34% below 2019 levels.* This means that companies’ emissions have not rebounded in the same way as commercial aviation emissions did after the COVID-19 pandemic. A meaningful corporate travel target should take 2019 (or a previous year) as a baseline. We publish emissions data from 2019 as this is more representative of companies’ air travel when they were free to fly. We then indicate whether companies have kept their 2023 emissions 50% or more below 2019 levels, meeting the campaign’s goal.  The latest overview of companies’ travel emissions reductions can be consulted in the Travel Smart Emissions Tracker webpage.

* Based upon an analysis of the 239 companies (out of 326 in the ranking) with comparable data. We calculated the overall reduction figure across all companies using BT emissions because it is the most widely reported metric. 239 companies reported BT emissions with a consistent methodology in 2019 and 2023. Additionally, 8 companies reported air travel (AT) emissions but not BT emissions. We show the individual reduction figure for each of these companies but we do not include them in the overall calculation as it is not the same metric as BT emissions. Companies without comparable data show a blank for 2023 vs. 2019 emissions.

Companies may find themselves attributed a “broad target” even though they include business travel in a target they have set. This is because targets that include business travel together with other sources of emissions may be able to be achieved without a meaningful reduction in business travel. For example, if a target is set on employee commuting and business travel, it is well possible that the company achieves its target by reducing employee commuting emissions only. For business travel emissions to be meaningfully targeted, they must represent a substantial share of the scope on which a target is set. We considered a target to be business travel specific if travel emissions represent more than 75% of the emissions on which a target is set, and/or if the company clearly and explicitly detailed its plan to reduce business travel emissions as part of its broader target. 

In 2025, Broader targets (incl. BT) were newly recorded for 15 companies.

Business travel covers employee travel for business-related activities in different types of vehicles owned or operated by third parties – air, train, bus, car, etc. -, as well as hotel stays.  Air travel refers exclusively to employee travel by aircraft owned or operated by third parties.  Actual air travel emissions are used if reported; otherwise air travel emissions are estimated from business travel emissions.  For Europe, 19 companies that reported both business travel and air travel emissions were used to calculate an average proportion of air travel to business travel emissions of 72%. For U.S.-based companies, a scaling factor of 77% was derived from a model based on the 2001 National Household Travel Survey from the U.S. Bureau of Transportation statistics.

On top of CO2, aircraft engines emit other gases – nitrous oxides, sulphur dioxide and water – and particulate matter (soot). These are commonly referred to as non-CO2 emissions, and it is estimated that they account for two thirds of total climate warming from flying. Yet only very few companies reflect the total impact of business flights by accounting for non-CO2 effects. 

Companies should take into account the full climate warming impacts of business flying and reduce them. We found that 49 companies out of 326, up from 44 previously, are leading the way by reporting non-CO2 emissions associated with corporate flights.

The consulting sector is performing best with several companies ranked A and most of the other ones ranked B. It is followed by the finance and pharmaceutical sectors with similar shares of A and B companies. The technology sector has less A companies proportionately. The most represented sector, manufacturing, has almost only C and D scores, similarly to retail and construction. 

Companies from the Netherlands lead the way, with a quarter of them granted A marks. In Switzerland, nearly a third of companies rank in the upper A and B categories, while for the UK and France this is the case for over a quarter of companies, and for the U.S. close to a fifth of companies.

In the Netherlands, businesses above 100 employees now annually report to the government their travel emissions and progress towards the mandated 50% decrease in domestic mobility emissions by 2030, from 2016 levels.  In Switzerland, large companies now report annually their emissions, and may soon be required to have net zero roadmaps for 2050. The UK and France both have legal frameworks requiring large businesses to review and report annually their greenhouse gas emissions. Many US businesses annually review and report emissions to some degree, and while this is not yet a national legal obligation, California has adopted legislation requiring large companies doing business in the state to annually review and report their emissions. 

In Germany, on the other hand,  no companies reach the A category, and only a few companies the B category.  In Spain, one company is granted A marks, and none B marks.  Spain has just approved new requirements for companies to implement annual emissions reporting and reduction plans.  Germany has not yet transposed into law the EU Corporate Sustainability Reporting Directive.

Further information about the campaign:

Denise Auclair
Head of the Travel Smart Campaign
T&E
denise.auclair@transportenvironment.org

For media enquiries:

Erin Vera
Travel Smart Campaign Manager
T&E
erin.vera@transportenvironment.org

2025
Travel Smart Ranking